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Forex pairs in this Article » EUR/USD (Barcelona) - After the German Parliament vote in favor of the revised Greek deal, the EURUSD came off from its lows and got back to the 1.3000 handle, where it hovers since then with an eye to the upside. Also, the rating agency Fitch revealed that US funds increased their exposure to Eurozone banks for the fourth month in a row.

An EU official said he expects the Greek buyback process to begin next Monday. Apart from the Spain and Greek markets, the Eurozone equity indexes are edging higher this Friday, last day of November. The most significant data released on the European morning was the EMU CPI inflation report.

The preliminary release of November CPI inflation report in the Eurozone came in much lower than expected, falling from 2.5% to 2.2%. Some analysts were estimating a softer figure after seeing the German data easing as well. The October EMU unemployment rate rose from 11.6% to 11.7% as expected.

"Both 1 and 4h chart studies are in the positive territory and supportive for fresh bullish action towards 1.3070/1.3100, initial target", wrote Windsor Brokers analyst Slobodan Drvenica, poiting to initial support at 1.3000 ahead of 1.2968 (yesterday's intraday low / 55 day EMA) and 1.2940 (spike low / double bottom).
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